Displaying items by tag: startup

UAE/UK: The Global Cement and Concrete Association (GCCA) has launched Innovandi Entrepreneur Network. The network will connect low-CO₂ technology developers with GCCA members to work towards the decarbonisation of the global cement sector.

GCCA CEO Thomas Guillot said “Innovation can help unlock our net zero future. We recognise the vital role start-ups play in that transition and very much hope start-ups will join our entrepreneur network. Only by working together and through collaboration will we achieve our shared goals.”

Ryan Gilliam, CEO of US-based alternative cement developer Fortera, said “Thank you to the GCCA for providing a platform that brings like-minded companies together to collaborate on a net zero mission to produce cement. Fortera is honoured to be one of the first companies to join GCCA’s Innovandi Entrepreneur Network, to work in concert with our industry partners to tackle this global initiative.”

Spain: Cemex’s venture capital unit Cemex Ventures announced the launch of its second LeapLab accelerator programme for high-potential start-ups on 30 November 2023. The programme introduces a cohort of five start-ups from around the globe, which will carry out pilot-scale tests of their technologies across 100 Cemex sites in 12 different countries. Throughout the process, experts from Cemex and partner organisations will support the work of the start-ups as mentors, pilot leaders, speakers and assistants, as well as providing business advice and support in network building. The selected start-ups are AI technology developers Introid, Mixteresting and Verusen, hybrid vehicle fuel optimisation company Movener and water monitoring specialist Waterplan.

Cemex’s executive vice president of digital and organisation development Luis Hernández said “Start-up acceleration is a key pillar of Cemex’s open innovation strategy, since the time to scale the technologies that enable us to build a better future is now. By combining the disruptive solutions and agility of start-ups with Cemex’s extensive industry networks and resources, start-up acceleration is a vehicle for tangible innovation generation.”

Switzerland: Holcim has invested in CO₂ mineralisation technology developer Neustark. Neustark aims to remove 1Mt of atmospheric CO₂ by 2030 and sequester it in recycled construction and demolition waste. The company’s technology achieved Gold Standard certification as a method of CO₂ removal in March 2022. Holcim says that its investment advances its group commitment to putting clean technologies to work towards achieving net zero.

Holcim’s Europe regional head Miljan Gutovic said "At Holcim, we are working to decarbonise building for a net zero future, and Neustark's technology helps us reach this goal. After the successful demonstration of Neustark's solution in Switzerland, we are ready to scale up this carbon removal technology globally."

Greece/US: Titan Cement Group has made new venture capital investments in two US-based disruptive technology suppliers. The cement producer enlarged its investment in energy storage specialist Rondo Energy, which has developed the Heat Battery. The technology enables cement plants and other industrial operations to access a constant supply of electricity using captive renewable energy sources. It also invested in venture capital firm Zacua Ventures, which handles a portfolio of companies involved in developing optimisation, automation and Construction 4.0 technology, including products relevant to the cement industry.

Titan Group Chief Sustainability and Innovation Officer Leonidas Canellopoulos said “We are committed to embracing innovation and fresh perspectives. By engaging with advanced construction and green technology startups through direct and indirect investments, as well as collaborations, we intend to forge more partnerships in the sector.”

World: The Global Cement and Concrete Association (GCCA) has named the 15 anticipated deliverers of low-CO₂ cement and concrete production shortlisted for participation in its second Innovandi Open Challenge. The association chose the start-ups based on their potential to deliver CO₂ emissions reduction in the global cement and concrete sector in line with its Concrete Future 2050 Net Zero Roadmap. The applicants are presenting their pitches to GCCA members on 30 June 2023. All those accepted will gain access to members' plants, labs, networks and expertise. The following start-ups made the Innovandi Open Challenge 2023 shortlist:

GCCA cement director and innovation lead Claude Loréa said “We received more than 70 quality applications, so drawing up a shortlist was challenging." Loréa continued "Our essential industry needs something easily scalable and affordable. Those start-ups on the list demonstrated the most potential, and we look forward to hearing more about their ideas. But we’ll also be keeping in touch with other start-ups who didn’t make this year’s shortlist, with future projects in mind.”

World: The Global Cement and Concrete Association (GCCA) has received over 70 submissions to its Innovandi Open Challenge 2023, and is now preparing the shortlist of startups to present their pitches on 30 June 2023. The Innovandi Open Challenge seeks new disruptive technologies to help to achieve net zero cement and concrete production by 2050. Startups selected under the challenge will have the opportunity to partner with the GCCA and its members to further develop their products.

GCCA cement director and innovation lead Claude Loréa said “To receive more than 70 quality applications from start-ups for this year’s Innovandi Open Challenge is hugely encouraging, and shows what level of interest and work is being done to help drive climate action, with applications received from every region of the world." She concluded "Our vital industry needs products which are affordable, scalable and easily adopted. We look forward to sifting through the applications with our member companies and working with those who are selected.”

UK: The Global Cement & Concrete Association (GCCA) held an online launch for its second Innovandi Open Challenge on 14 March 2023. The global challenge matches start-up companies with some of the world’s leading cement and concrete manufacturers, which operate in almost every country across the world, to work on initiatives to cut emissions and pioneer environmental change across the industry. The launch follows the success of the first ever Innovandi Open Challenge in 2022, which saw cement companies partnering with six start-ups, with a strong focus on carbon capture and utilisation projects.

This time around, applicants are being asked to work on the development of new materials and ingredients for low carbon concrete – a major step towards the goal of net zero concrete. Alternative materials, including construction and demolition waste, can result in far lower CO2 emissions than traditional concrete, as well as reduce the need to use virgin raw materials. The applications phase will last until mid-May 2023.

Thomas Guillot, CEO of the GCCA, said “We’re calling on the best and the brightest from around the world to join us in the urgent fight to limit global warming and help towards delivering the great prize of net zero concrete. If you are a start-up from Austria to Australia, from Brazil to Bangladesh, with an innovative idea or technology, then we want to hear from you.”

Those companies that are accepted for this year’s Innovandi Open Challenge will gain unique access to industry plants, laboratories, key networks and the expertise and infrastructure of the GCCA’s 40 members from around the world. They will also receive guidance from the GCCA and its members to help them with the development of new technology and business cases.

Claude Loréa, GCCA cement director and innovation lead, said “We’ve already seen some remarkable progress from those start-ups who’ve been working with our members on the first Innovandi Open Challenge, with several projects already in the pilot stage. This year’s theme, low carbon concrete, is equally challenging. To succeed, we need products which are affordable, scalable and easily adopted. Good luck to all this year’s applicants. We look forward to working with those selected.”

US: Sublime Systems says it has secured US$40m in funding from its latest investment round. Venture capital company Lowercarbon Capital, The Engine, Energy Impact Partners and others took part in the Series A funding round. Siam Cement Group has also been announced as a strategic investor. The company will use the new capital to increase production at its pilot plant, build its team, conduct product testing and promote offtake commitments from new customers and partners.

Sublime Systems is commercialising an electrolysis cement production process that will manufacture cement at ambient temperature from a variety of abundant calcium sources. It says it is the first company to produce cement through this process.

Leah Ellis, co-founder and chief executive officer of Sublime said, "We have successfully demonstrated the viability and scalability of our approach and we are able to produce cement with the same or better strength, slump and durability than today's Portland cement. The support of our talented team and capital from our investors will enable us to operate our pilot facility, secure advance offtake agreements and work toward producing our low-carbon cement at scale."

The company was spun-out of the Massachusetts Institute of Technology (MIT) in 2020. It was co-founded by Yet-Ming Chiang, an MIT professor and co-founder of several climate-tech companies, including A123 Systems, 24M Technologies and Form Energy, and Leah Ellis, an Activate Fellow and one of MIT Technology Review's 35 Innovators under 35. To date, the company has concentrated its efforts on developing its first drop-in, low-carbon cement product, validating its manufacturing process at the pilot scale, validating buyer demand and building up its team.

US: Mexico-based Cemex Ventures has invested in construction sustainability early-stage venture fund Zacua Ventures. The producer says that other investors include Andres Construction, GS Futures, Progreso X and Sabancı Building Materials Group.

Cemex Ventures head Gonzalo Galindo said
"As pioneers in the construction industry's transformation, we are happy to be part of this investment vehicle to seek innovative solutions that help boost productivity, sustainability and urbanization.” Galindo added “The collaboration and synergy between the involved partners will help further accelerate our efforts.”

US: Titan Cement Group has invested in renewably powered Heat Battery developer Rondo Energy, in the California-based company’s Series A funding round. The Heat Battery is a 98% efficient electrical heater with high scalability, according to the supplier. Its modular battery provides grid load flexibility, with the possibility of continuous operation. Titan Cement Group says that it will now work in a technological partnership with Rondo Energy to develop new concepts for cement decarbonisation using Rondo Energy’s ‘unique innovation.’